Position and Proximity Sensors Market Trends Growth Forecast Research by 2024: Global Market Insights, Inc. The ultrasonic linear position and proximity sensors market will witness growth owing to the increasing adoption of these sensors in the robotics industry. The flourishing robotics industry is demanding high-performance sensors that can enable enhanced remote controlling of the robot and a fast data transfer. Ultrasonic sensors enable efficient contactless measurements in navigation systems for mobile robots. Infrared sensors offer quicker response time and higher resolution as compared to ultrasonic sensors. The combination of infrared and ultrasonic sensors can be used to detect a wider range of obstacles. The increasing demand for these sensors in production lines, liquid level control monitoring, robotics sensing, vehicle detection for automotive assembly, and anti-collision detection will fuel the position and proximity sensors market. Position and Proximity Sensors Market size is anticipated to grow substantially in the forecast timeframe impelled by advent of digitalization. The penetration of advanced automation technologies across various industry verticals will support the adoption of these sensors in production facilities. Industries are heavily relying on monitoring systems to ensure process efficiency and product quality, thereby stressing the need for appropriate sensor technologies. The growing adoption of digitalization is revolutionizing the manufacturing sector. The concept of the interconnected factory is gaining traction and is expected to provide growth opportunities to the position and proximity sensors market growth.
The proliferation of Industrial Internet of Things (IIoT) coupled with the growing significance of advanced automated factories will contribute to the position and proximity sensors market growth. The need to ensure enhanced communication among several assets in a facility, the real-time insight, and analysis in the production floor will encourage the incorporation of these sensors. Sensors collect the necessary data and transmit it to the controller thereby enabling the remote monitoring of the factory. Real-time and accurate monitoring of all objects is crucial factors in an industrial process for the early detection of issues and faults. Several government initiatives supporting the IIoT technology will spur the demand for advanced sensors, thereby boosting the position and proximity sensors market demand.Technological advancements in the sensor industry coupled with the trend of miniaturization in the electronics sector will fuel the position and proximity sensors market growth. Integrated smart sensors are increasingly used in miniaturized chips. The developments in the wireless communication technologies that facilitate enhanced data transfer will propel the position and proximity sensors’ market growth. 1|Page